Bitcoin's burgeoning electricity demands have attracted almost as much attention as the cryptocurrency's wildly fluctuating value. However, estimating exactly how much electricity the Bitcoin network uses, necessary for understanding its impact and implementing policy, remains a challenge.

In 2016, the investor disclosed it had a 4% stake in the company when its shares were trading at around $50 a piece on the Nasdaq. On Tuesday, the stock closed at $75.46. The share touched its highest of $85.10 in the last one year.

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